02-12-2010, 12:14 AM
The Parent's share in Poly is 70%, not 30%. The 30% and 1/3 mentioned by you is the non-controlling interest percentage, not the parent's share. We will not take all the figures and multiply by them with 70% or 2/3. Instead we will take 100% of all the figures and then deduct Non-controlling-Interest from the profit for the year. Also Anum has been subsidiary just for 3months, therefore, only 3months figures of all items will be taken for consolidation(except revenue which is 1/3 of total revenue)
